The building is under construction at 2200 Post Oak Blvd. (Brett Coomer/HC)

The building is under construction at 2200 Post Oak Blvd. (Brett Coomer/HC)

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A cantilevered portion of the building sticks out over Post Oak Boulevard. (Brett Coomer/HC)

A cantilevered portion of the building sticks out over Post Oak Boulevard. (Brett Coomer/HC)

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A rendering shows the 22-story building.

A rendering shows the 22-story building.

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BBVA Compass Plaza is the first building to go up in this area since Williams Tower. (Brett Coomer/HC)

BBVA Compass Plaza is the first building to go up in this area since Williams Tower. (Brett Coomer/HC)

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Building rendering

Building rendering

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Developers Steve Lerner of Redstone and Preston Young of Stream Realty. (Brett Coomer/HC)

Developers Steve Lerner of Redstone and Preston Young of Stream Realty. (Brett Coomer/HC)

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Lobby rendering

Lobby rendering

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Post Oak update: More offices and eateries

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The new tower under construction on Post Oak Boulevard has reached 17 stories and developers say it will top out this summer.

When the 22-story building is completed next year, BBVA Compass will move about 800 of its employees into 175,000 square feet — just over half the building. The property will be named after the bank.

The first floor will house two restaurants. Local restaurateurs will operate new concepts there, but they won’t be announced until the end of this year, said Preston Young of Stream Realty, which is developing the property with the Redstone Cos.

When the project broke ground last year, the developers said the 6.5-acre site was also being designed to house a luxury hotel and possibly a residential tower. Those plans have been altered and now call for another office building along with the hotel.